**Registered Charity Number: 1179377** ## **NENE RIVER CHURCH** ## **FINANCIAL STATEMENTS AND REPORT** **FOR FINANCIAL YEAR ENDING** **31[st] MARCH 2024** **Page 2** **NENE RIVER CHURCH** ## **FINANCIAL STATEMENTS AND ANNUAL REPORT FOR THE YEAR ENDING 31[st] MARCH 2024** |**INDEX**|**Page**| |---|---| |Legal and Administrative Information|3| |Trustees Report|4-11| |Statement of Financial Activities|12| |Statement of Financial Position|13| |Principal Accounting Policies|14-15| |Notes to the Accounts|16-20| **Page 3** **NENE RIVER CHURCH** ## **FINANCIAL STATEMENTS AND ANNUAL REPORT FOR THE YEAR ENDING 31st March 2024** ## **Legal & Administrative Information** Registered CIO Number: 1179377 Address: c/o 51 Finedon Road Irthlingborough Wellingborough Northamptonshire NN9 5TY Trustees: Rhoderick David Dingwall David Persaud Robert Alexander Beckley Daniel Joel Collict Bankers: Charities Aid Foundation (CAF) Bank Ltd 25 Kings Hill Avenue King’s Hill West Malling Kent ME19 4JQ **NENE RIVER CHURCH** **Page 4** ## **FINANCIAL STATEMENTS AND ANNUAL REPORT FOR THE YEAR ENDING 31[st] MARCH 2024** ## **Structure, Governance & Management** The charity is controlled by its governing Constitution dated 17[th] May 2018 and subsequently amended in 2020, 2021 and 2024. The charity is a Charitable Incorporated Organisation whose only Members are its Trustees. The CIO was formed on 30[th] July 2018. The Constitution was revised in 2024 to simplify the third aim of the CIO to include personal counselling as well as education and training. The Objectives & Aims of the CIO are for the public benefit and are: - the advancement of the Christian faith and the demonstration of the love of God in such ways as the Charity Trustees may from time to time decide; - the relief of persons who are in need by reason of financial hardship, unemployment, ill-health, disability and/or poor educational or skills attainment; - the provision of education, training and personal counselling for both individuals and families - the conservation of the natural environment wherever the Trustees see fit. Conservation means providing support for a series of measures required to maintain or restore the natural habitats and the populations of species of wild fauna and flora both within the United Kingdom and elsewhere. **NENE RIVER CHURCH** **Page 5** ## **FINANCIAL STATEMENTS AND ANNUAL REPORT FOR THE YEAR ENDING 31[st] MARCH 2024** The Trustees believe that these objectives and aims were advanced during the year. There were no reportable incidents during this period. ## **Public Benefit Statement** All of the church activities are open to any member of the public and none are exclusively for church members. They are all free of charge although a few of the Youth Activities are by **voluntary** subscription. Of particular public benefit are the friendship and youth groups and the initiatives to alleviate poverty and hardship, advance education and to support nature conservation, both at home and overseas. The NRC CIO also regularly supports education, training and personal counselling services. **Page 6** **NENE RIVER CHURCH** ## **FINANCIAL STATEMENTS AND ANNUAL REPORT FOR THE YEAR ENDING 31[st] MARCH 2024** ## **Potential Conflicts of Interest** A potential conflict of interest arises from the (unconnected) Trustees decision to support _Mission Aviation Fellowship_ (MAF Charity Number 1064598) because Rhoderick Dingwall is the NRC CIO Chairman of Trustees and his younger son, Timothy Dingwall, has volunteered to train as an aircraft maintenance engineer with a view to maintaining the light aircraft operated by MAF. This has been resolved by an agreement whereby Rhoderick Dingwall absents himself from any discussions involving MAF and takes no part in any decisions made by the CIO with regards to the partnership with MAF. A second potential conflict of interest arises from the Trustees decision to support HFF ( _Hope For Families_ ) Charity 1194541 because Mrs T Jane Dingwall, the wife of Rhoderick Dingwall, was appointed as a Trustee for HFF in March 2023. This has also been resolved by an agreement whereby Rhoderick Dingwall absents himself from any discussions involving HFF. Mr & Mrs Dingwall take no part in any decisions involving HFF and have never received any of the personal counselling and education services offered by HFF. **NENE RIVER CHURCH** **Page 7** ## **FINANCIAL STATEMENTS AND ANNUAL REPORT FOR THE YEAR ENDING 31[st] MARCH 2024** ## **Financial Review** Nene River Church CIO received £20,446 from a small number of individual UK based donors and total income was £21,399 which was just under 15% less than the previous year. Projects were budgeted and a number of one-off disbursements were made during the year. Operating costs fell by more than 60% year on year to £3,741 as a result of hiring a collection of rooms in the building owned by _The Irthlingborough Old People’s Welfare Association_ in College Street instead of renting premises in The Old Chapel Business Centre, High Street, Irthlingborough. These premises also allow disabled access. The church CIO has a policy of not having offerings at meetings or events which are open to the general public. It does not trade or raise funds and is staffed entirely by (unremunerated) volunteers. All payments to overseas beneficiaries are made in GBP (British Pounds) to UK based charities or representatives with well-established overseas connections. ## **Reserves Policy** The CIO maintains a rolling reserve which is calculated each year (£3,532 in 2023-2024). Details of this can be found in the _Reserves_ section under _Principal Accounting Policies_ . **Page 8** **NENE RIVER CHURCH** ## **FINANCIAL STATEMENTS AND ANNUAL REPORT FOR THE YEAR ENDING 31[st] MARCH 2024** ## **Achievements and Performance** During the period covered by this report, the following activities and actions were undertaken: - Church services, home visits and groups for friendship and prayer continued throughout the year. - A Deputy Safeguarding Lead was appointed in November 2023. - The _**Focus**_ Youth Group and the group of older teenagers known as _**The Chatroom**_ also continued to meet in term time and seventeen teenagers attended the Summer Youth Weekend in July 2023. A number of teenage boys have begun to attend a weekly bible study. - The trained nurse that the church supports was able to spend most of the year in India and is part of a small team of (mainly) medical personnel. The charity spent £1,800 on subsistence for her and an additional £900 was sent to her UK based support team. - The partnership with the local Library was renewed but was badly affected by the sudden and unexpected death of the Irthlingborough Library Manager in February 2024 at the age of 36. However, £482 was spent by the project during the year. - The partnership continued with _Hope for Families_ (HFF), a Corby based charity supporting families and delivering courses on subjects such as _Anger Management_ and _Internet Safety_ . This charity visits schools and encourages parents in Northamptonshire and online. Three NRC volunteers also assisted HFF; two as Course Facilitators and one as a Trustee. In addition to a budgeted disbursement of £2,700, HFF also received an additional payment of £556 for Mental Health Training. **Page 9** **NENE RIVER CHURCH** ## **FINANCIAL STATEMENTS AND ANNUAL REPORT FOR THE YEAR ENDING 31[st] MARCH 2024** - The partnership continues with Mission Aviation Fellowship (MAF; see Page 5) to train a young man to become a light aircraft Maintenance Engineer and £2,700 was disbursed during the year. - £1,350 was disbursed to support an international nature conservation project in the Portuguese Algarve. £2,400 was also set aside for a local nature conservation project within the Nene Valley. An additional payment of £5,000 was made which had been brought forward from the previous year. - A number of disbursements totalling £6,200 were made for victims of poverty and hardship during the year: £2,000 was given to an orphanage in Thailand for children with AIDS and other disabilities and £2,500 was given to victims of floods which partially destroyed the harvest in Malawi. £1,000 was disbursed for Ukrainian people badly affected by the destruction of the Kakhovka Dam on the Dnieper River on the 6[th] June 2023. A further £700 was given to victims of an earthquake in Morocco which struck on the 7[th] September 2023. - £1,000 was disbursed to _The Never Alone Project_ (TNAP) in recognition of the excellent Bereavement Counselling which people connected to the CIO had received. _The Manna House_ in - Northampton (also known as _Northamptonshire Christian Centres Trust)_ also received £1,000 … this charity provides relationship and general counselling and had experienced a challenging time during March 2024, due to a funding shortfall. **Page 10** **NENE RIVER CHURCH** ## **FINANCIAL STATEMENTS AND ANNUAL REPORT FOR THE YEAR ENDING 31[st] MARCH 2024** - The free Christmas Day breakfast, available to anyone who wishes to attend (the College Street Centre in Irthlingborough on Christmas morning), has become more popular and established as an annual event. - Finally, £220 was spent on gifts demonstrating God’s love: £207 to help a local lady return home to Hungary and £13 on flowers for the funeral of the Irthlingborough Library Manager. ## **Future Plans** Despite progress in several projects, a few continue to have been disrupted. Future plans include the following: - The project with the local Library is expected to help establish a garden with a weather proof shelter during the coming year. - It is hoped that a group can be set up on a regular basis for younger children than those of senior school age who attend the _Focus Group_ . - It is hoped to appoint a fifth Trustee during the coming year because the family of one of the original Trustees has moved away and another Trustee has been unable to attend meetings due to pressure of work. - The Trustees will review and revise the Operational Policies of the CIO and the Operational Limits during the coming year. **NENE RIVER CHURCH FINANCIAL STATEMENTS AND ANNUAL REPORT FOR THE YEAR ENDING 31[st] MARCH 2024** **Page 11** - Next year it is proposed to give all the people who attend the free Christmas breakfast some small gifts to demonstrate God’s love. - The Trustees will look at ways of obtaining higher rates of interest on surplus cash reserves. This report was reviewed by the Trustees of Nene River Church CIO during January 2025 and has been signed on their behalf by: Rhoderick Dingwall (Chairman of Trustees, Nene River Church CIO) **Page 12** **NENE RIVER CHURCH** ## **FINANCIAL STATEMENTS AND ANNUAL REPORT** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDING 31st March 2024** |**Description**
**Notes**
**Income**
Donations
Youth Collection
Youth Group Receipts
Interest
**Expenditure**
Raising Funds
1
Charitable Activities
2,3
Governance
**Total Expenditure**
**Net Movement in Funds**
Total Funds Brought Forward
**Total Funds Carried Forward**|**Unrestricted Restricted**
**TotalUnrestricted Restricted**
**2024**
**2024**
**2024**
**2023**
**2023**
**£**
**£**
**£**
**£**
**£**
20,426
20
20,446
22,931
200
0
0
0
0
142
0
412
412
0
230
541
0
541
210
0| |---|---| ||**20,967**
**432**
**21,399**
**23,141**
**572**| ||0
0
0
0
0
30,317
412
30,729
27,017
605
20
0
20
0
0| ||**30,337**
**412**
**30,749**
**27,017**
**605**| ||(9,350)
0
(9,350)
(3,875)
(33)
33,442
94
33,536
37,317
127| ||**24,092**
**94**
**24,186**
**33,442**
**94**| All income and expenditure derive from continuing activities. The statement of financial activities is incorporating the income and expenditure accounts and includes all gains and losses recognised during the year. **Page 13** **NENE RIVER CHURCH** ## **FINANCIAL STATEMENTS AND ANNUAL REPORT** ## **STATEMENT OF FINANCIAL POSITION AS AT 31st March 2024** |**Notes**
**Assets**
Fixed Assets
4
Debtors
5
CAF Bank Accounts
Cash In Hand
Stewardship Account
Youth Cash Float
**Total Assets**
**Liabilities**
Sundry Creditors
6
**Total Liabilities**
**Net Assets**
**Notes**
**Funds**
Value of Equipment
Designated
7
Unrestricted
7
Restricted
8
**Total Funds**|**Unrestricted**
**Restricted**
**Total**
**Total**
**2024**
**2024**
**2024**
**2023**
**£**
**£**
**£**
**£**
158
0
158
42
0
0
0
0
23,724
94 23,818
33,219
0
0
0
0
290
0
290
370
102
0
102
2| |---|---| ||**24,274**
**94 24,368**
**33,633**| ||**£**
**£**
**£**
**£**
(182)
0
(182)
(97)| ||**(182)**
**0**
**(182)**
**(97)**| ||| ||**24,092**
**94 24,186**
**33,536**| ||**Unrestricted**
**Restricted**
**Total**
**Total**
**2024**
**2024**
**2024**
**2023**
**£**
**£**
**£**
**£**
158
0
158
42
3,532
0
3,532
2,873
20,402
0 20,402
30,527
0
94
94
94| ||**24,092**
**94 24,186**
**33,536**| **Page 14** ## **NENE RIVER CHURCH** ## **FINANCIAL STATEMENTS AND ANNUAL REPORT** ## **PRINCIPAL ACCOUNTING POLICIES FOR THE YEAR ENDING 31st March 2024** The financial statements have been prepared under the historical cost convention and in accordance with the _**Statement of Recommended Practice**_ (SORP) _**102**_ , _Accounting and Reporting by Charities_ issued in January 2015, applicable UK Accounting Standards and _The Charities Act 2011_ . The principal accounting policies of the charity are set out below: **Control:** The CIO is under the ultimate control of its Trustees whose names appear at the beginning of this report. **Council Tax:** The CIO does not pay Council Tax, since it no longer leases premises. **Fixed Assets:** The value of equipment is written off over five years using the method known as _Straight Line Depreciation_ . ## **Funds:** - _Value of Equipment_ is at Cost less Depreciation. - _Unrestricted Funds_ are general funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. - _Designated Funds_ are funds set aside by the Trustees out of _Unrestricted Funds_ for specific purposes or projects. - _Restricted Funds_ are funds which are to be used in accordance with specific restrictions imposed by the donors or which have been raised by the charity for particular purposes. **Incoming Resources:** Income is brought into the accounts on a receivable basis. **Investment Income:** Interest is brought into the accounts on a receivable basis. **NENE RIVER CHURCH** **Page 15** ## **PRINCIPAL ACCOUNTING POLICIES FOR THE YEAR ENDING 31st March 2024** **Gifts in kind, donated facilities and services including voluntary help:** These are not included in this financial statement, since they are not considered practical to quantify. **Resources Expended:** Expenditure is stated inclusive of VAT and brought into the accounts in the year in which it is due. **Reserves:** The CIO spending rules mean that disbursements can only be made from surplus revenue received during the previous financial year, and that 20% of this surplus must be held for one year as an additional _Rolling Reserve._ This excludes _Restricted Funds_ and was £3,532 as at 31[st] March 2024. These are now shown in the accounts as _Designated Funds_ . The current reserve policy is to maintain a sufficient cash reserve to cover six months of running costs. Under the operation of the current Rental Agreement, payments of £715 are made quarterly in advance. This means that six months running costs are no more than £1,500 which is completely covered by the _Rolling Reserve_ . The CIO is only required to give two weeks’ notice of the intention to terminate the Rental Agreement. **Risks:** The Trustees do not believe the organisation is subject to any substantial risks not disclosed in the Annual Report and Accounts. The CIO renewed its insurance in September 2023 to protect it against risks arising from the resumption of public events. **Value Added Tax:** The CIO is not registered for VAT. **Page 16** **NENE RIVER CHURCH NOTES TO THE ACCOUNTS** |**Note**
**1 Expenditure - Charitable Activities**
Rent/Hire Fee
Service Charge
Bank Charges
Food & Drink
Youth & Children’s Work
Stationery
Visitors Expenses
Electricity
Gas
Insurance
Miscellaneous Expenses
Travel & Subsistence
Memberships & Licenses
**2 Expenditure – Disbursements**
Gifts for Education, Training etc.
Gifts for Irthlingborough Library
Gifts to Alleviate Poverty & Hardship
Gifts for Persecuted Christians
Gifts to Promote Christianity
Gifts to Demonstrate God’s Love
Gifts for Nature Conservation
**3 Expenditure – Governance**
Professional Services|**Unrestricted**
**Restricted**
**2024**
**2024**
**£**
**£**
1,810
0
0
0
62
0
132
0
680
432
5
0
20
0
(10)
0
0
0
197
0
286
0
0
0
93
0|**Total**
**Total**
**2024**
**2023**
**£**
**£**
1,810
7,030
0
900
62
74
132
19
1,112
532
5
0
20
20
(10)
258
0
103
197
191
286
114
0
40
93
87| |---|---|---| ||**3,275**
**432**|**3,707**
**9,368**| ||**£**
**£**
7,956
0
482
0
6,200
0
700
0
2,700
0
220
0
8,750
0|**£**
**£**
7,956
3,100
482
0
6,200
9,847
700
0
2,700
2,773
220
0
8,750
2,520| ||**27,008**
**0**|**27,008 18,240**| ||**£**
**£**
20
0|**£**
**£**
20
0| ||**20**
**0**|**20**
**0**| **Page 17** ## **NENE RIVER CHURCH NOTES TO THE ACCOUNTS** |**Note**
**Unrestricted**
**Restricted**
**2024**
**2024**
**4 Asset Depreciation**
**£**
**£**
14
0
**Total Expenditure**
**30,317**
**432**
**Governance – Personnel**
Trustees
Employees
Volunteers
**Governance – Remuneration & Expenses**
Employment Costs
Trustees Remuneration
Trustees Reimbursed Expenses (See Note 9)
**Unrestricted**
**Restricted**
**2024**
**2024**
**5 Debtors**
**£**
**£**
Pre-Paid Debtors
0
0
Rental Deposit
0
0
**0**
**0**
**Unrestricted**
**Restricted**
**2024**
**2024**
**6 Creditors**
**£**
**£**
Trustees Expenses Due
(182)
0
**(182)**
**0**|**Unrestricted**
**Restricted**
**2024**
**2024**
**£**
**£**
14
0|**Total**
**Total**
**2024**
**2023**
**£**
**£**
14
14| |---|---|---| ||**30,317**
**432**|**30,749 27,622**| |||**2024**
**2023**
4
4
0
0
12
12
**£**
**£**
0
0
0
0
2,526
889
**Total Total**
**2024**
**2023**
**£**
**£**
0
0
0 1,500
**0 1,500**
**Total Total**
**2024**
**2023**
**£**
**£**
(182)
(96)
**(182)**
**(96)**| ||**0**
**0**|| ||**Unrestricted**
**Restricted**
**2024**
**2024**
**£**
**£**
(182)
0|| ||**(182)**
**0**|| **Page 18** ## **NENE RIVER CHURCH NOTES TO THE ACCOUNTS** |**Note**
**7Unrestricted Funds**
General Fund
Reserves
Equipment
**Comparative**
**Unrestricted Funds**
General Fund
Reserves
Rental Deposit
Equipment
**8**
**Restricted Funds**
Youth & Children’s Work
Council Grant Re Youth
**Comparative**
**Restricted Funds**
Gift for Persecuted Christians
Gifts to Alleviate Hardship
Youth & Children’s Work
Gifts For Education & Training
Council Grant Re Youth|**Opening**
**Balance**
**01-Apr-23**
**Movement**
**In**
**Movement**
**Out**
**Transfer**
**Between**
**Funds**
**Closing**
**Balance**
**31-Mar-24**
**£**
**£**
**£**
**£**
**£**
30,527
20,837
(30,303)
(659)
20,402
2,873
0
0
659
3,532
42
130
(14)
0
158| |---|---| ||**33,442**
**20,967**
**(30,317)**
**0**
**24,092**| ||**Opening**
**Balance**
**01-Apr-22**
**Movement**
**In**
**Movement**
**Out**
**Transfer**
**Between**
**Funds**
**Closing**
**Balance**
**31-Mar-23**
**£**
**£**
**£**
**£**
**£**
25,761
23,142
(27,003)
8,627
30,527
10,000
0
0
(7,127)
2,873
1,500
0
0
(1,500)
0
56
0
(14)
0
42| ||**37,317**
**23,142**
**(27,017)**
**0**
**33,442**| ||**Opening**
**Balance**
**01-Apr-23**
**Movement**
**In**
**Movement**
**Out**
**Transfer**
**Between**
**Funds**
**Closing**
**Balance**
**31-Mar-24**
**£**
**£**
**£**
**£**
**£**
0
432
(432)
0
0
94
0
0
0
94| ||**94**
**432**
**(432)**
**0**
**94**| ||**Opening**
**Balance**
**01-Apr-22**
**Movement**
**In**
**Movement**
**Out**
**Transfer**
**Between**
**Funds**
**Closing**
**Balance**
**31-Mar-23**
**£**
**£**
**£**
**£**
**£**
0
175
0
(175)
0
0
0
(175)
175
0
0
230
(230)
0
0
0
200
(200)
0
0
94
0
0
0
94| ||**94**
**605**
**(605)**
**0**
**94**| **Page 19** **NENE RIVER CHURCH** ## **NOTES TO THE ACCOUNTS** **Note Detailed List of Trustees Expenses For Reimbursement 2023-2024 (2023)** |**9**
**Date**
**Description of Expense for Reimbursement**
01-Apr-2023
Cash for Youth Cash Float
03-Apr-2023
Supplies for Children’s Event
11-Jun-2023
Cash for Visiting Speaker Expenses
15-Jun-2023
Father’s Day / Man’s Day Presents 2024
19-Jun-2023
Boost Trampoline Parks Hire Deposit (Youth Weekend)
26-Jun-2023
Cash For Irthlingborough Library
26-Jun-2023
Youth Bibles
30-Jun-2023
Cash for Youth Cash Float
07-Jul-2023
Vue Cinemas re Ruby Gillman – Teenage Kraken (Youth Weekend)
07-Jul-2023
Tesco Food for Youth Weekend
07-Jul-2023
Vue Cinemas re Spiderman – Across The Spiderverse (Youth Weekend) 1 of 2
07-Jul-2023
Vue Cinemas re Spiderman – Across The Spiderverse (Youth Weekend) 2 of 2
08-Jul-2023
Boost Trampoline Parks Hire Balance (Youth Weekend)
08-Jul-2023
McDonalds Restaurants (Youth Weekend)
08-Jul-2023
Nationwide Building Society Cash Withdrawal Fee (Youth Weekend)
08-Jul-2023
Benham Sports Arena Northampton Hire Fee/Water (Youth Weekend)
29-Aug-2023
Church Sign (Advent Signs)
05-Sep-2023
Church Stationery
26-Sep-2023
Irthlingborough Library Storage Unit
21-Oct-2023
£200 Gift & chocolates for local resident returning to Hungary
21-Nov-2023
Cash for Youth Float
16-Dec-2023
Christmas Supplies & Gifts
24-Dec-2023
Food for Free Christmas Day Breakfast 2023
**Subtotal**|**Amount Trustee**
£100.00 Rhoderick Dingwall
£9.40 David Persaud~
£20.00 David Persaud~
£6.50 Rhoderick Dingwall*
£176.66 Rhoderick Dingwall*
£200.00 Rhoderick Dingwall
£32.34 Rhoderick Dingwall*
£100.00 Rhoderick Dingwall*
£47.92 Rhoderick Dingwall*
£173.18 Rhoderick Dingwall*
£59.90 Rhoderick Dingwall*
£35.94 Rhoderick Dingwall*
£44.17 Rhoderick Dingwall*
£159.09 Rhoderick Dingwall*
£3.00 Rhoderick Dingwall*
£90.00 Rhoderick Dingwall*
£204.00 Rhoderick Dingwall*
£5.25 Rhoderick Dingwall*
£281.99 Rhoderick Dingwall
£207.00 Rhoderick Dingwall
£100.00 Rhoderick Dingwall
£53.80 Rhoderick Dingwall*
£77.92 David Persaud~
**£2,188.06**| |---|---| **Page 20** **NENE RIVER CHURCH** ## **NOTES TO THE ACCOUNTS** ## **Note Detailed List of Trustees Expenses For Reimbursement 2023-2024 (2024)** |**9**
**Date**
**Description of Expense for Reimbursement**
15-Jan-2024
DBS Check for Volunteer AL
07-Feb-2024
DBS Check for Volunteer JK
19-Feb-2024
Outside Storage Unit
03-Mar-2024
Mothers Day / Ladies Day Presents 1 of 2
03-Mar-2024
Mothers Day / Ladies Day Presents 2 of 2
25-Mar-2024
Cash for Youth Cash Float
23-Mar-2024
Flowers for Library Manager’s Funeral
**Subtotal**
**Total**|**Amount Trustee**
£10.00 Rhoderick Dingwall
£10.00 Rhoderick Dingwall
£130.00 Rhoderick Dingwall
£41.93 Rhoderick Dingwall*
£33.27 Rhoderick Dingwall*
£100.00 Rhoderick Dingwall
£12.87 David Persaud~
**£338.07**
**£2,526.13**| |---|---| - Purchase made by Jane Dingwall, wife of Rhoderick Dingwall ~ Purchase made by Hannah Persaud, wife of David Persaud